/biz/ - Business & Finance

It's normal to find videos of talking heads making predictions ranging from $50-600/oz. If you are unresearched on silver, I hope you find this useful. If you have purchased physical silver recently, thanks for making a difference in exposing the lie.

There is only one measurement that has balanced the scales between man and metal for the last 2,000 years. Weight of physical silver against a day's labor is the standard for money. Here's the historical averages for silver value:

Babylonian workers earned 2.1 grams (1/15oz) per day. Greek workers earned 4.3g/day. Roman workers made 4.2g/day (pre-currency devaluation). The 1300s England saw an average of 2.1g/day. A thatcher (roofer) in 1261 would make 2.8g/ day. In 1341 it rose to 4.2g/day. In 1717, Newton fixed the ratio of gold and silver, keeping the metal values incredibly stable until Napoleon would come along. In 1938, nominal value of minimum wages was 4.5 OUNCES/day. 1974 nominal min wage value was 3.6oz. In 2015 it had reached 1.75oz. In the current environment, Biden's 2021 $15/hr minimum wage would buy 4.4 ounces of today's silver spot price.

There are 31.103 grams in 1 ounce of silver. For 2,000 years, it only took 2-5 of those GRAMS to equal a day's wage, depending on economy and specific type of labor. In 2019, the average American earned $936/week. In 2023, it rose (amazingly) to $984/week. Using these numbers, silver's natural and unmanipulated price (not counting industry and other forces) averaged to 3.1g/day labor would be valued at $1,968. $1,872 using 2019's rate. That's right, the $27/oz market ticker for silver that is being premium sold as high as $46/oz has officially separated. It should naturally be worth $1,968 of 2021 currency in a CALM economy under normal supply loads. BTW, at a 15:1, that would price gold at $29,520/oz.

>>53557279
Fun fact frens
In 1972 the average household income was 296 ounces of gold or $11,285 Feddy Fiats ($38 per ounce by law)

In 2020 the average household income wad 51 ounces of gold or 97,026 Feddy Fiats (year end gold spot was 1896)

The 2020 household "earns" 9x more but only 2/10ths earns the amount of gold

https://www.multpl.com/us-average-income/table/by-year

>>53554072
Dumbass fudder. Just ordered another bar of silver.

>>53449545
>car limping to get me places
>silver and gold haven't mooned
>can't get a car with an ounce of gold, can't fill it with FWTDHWAHDOQA for mercs

rejoice frens, with my luck i know as soon as i hand over my fiat currency for a down payment PMs will rocket.